Limited time offer 20% OFF StudySoup Subscription details

UVU - MKTG 3600 - Class Notes - Week 8

Created by: Amber Edmondson Elite Notetaker

> > > > UVU - MKTG 3600 - Class Notes - Week 8

UVU - MKTG 3600 - Class Notes - Week 8

This preview shows page 1 of a 1 page document. to view the rest of the content
background image We made paper airplanes and flew them and had to market them to the class. 
 
We them built towers out of an envelope, tape, yarn, and spaghetti noodles 
 
We measured the height of the towers and distance the place flew. 
 
He has not told us what his friend from London said about our band pitches we made. 
 
One of the days he told us we will fail until we get where we’re going. 
 
He told us that when we pitch a new idea we should spend 80% of the time on the solution and 
20% of the time on the solution. 
 
Get good at looking at problems. 
 
Where there are lines there are opportunities. 
 
He had us get into groups of two and pitch out best entrepreneurial ideas for some problems. 
 
He told us to watch out for marketing myopia. 
 
One time he put $1,000 dollars into a robot named stompy, because he really wanted the cool 
thing to exist. His wife gives him $1,000 dollars per year to blow on stuff like that. 
 
You need five things to get a new idea off the ground: 
● Energy 
● Knowledge 
● Network 
● PASSION!!!!! 
● 8/10 commitment, or don’t go for it 
 
When you pitch something, ask for a small amount up front and give them the first right of 
refusal to give 2 million to start the company. 
 
Money doesn’t solve things, demand does. 
 
Always have an exit strategy. 
 
Get your business appraised at least once per year. 
 
October Sky is a sick entrepreneurial movie, as well as 
The Pursuit of Happiness 

This is the end of the preview. Please to view the rest of the content
Join more than 18,000+ college students at Utah Valley University who use StudySoup to get ahead
School: Utah Valley University
Department: OTHER
Course: Marketing
Professor: Lee
Term: Fall 2018
Tags:
Name: Class notes
Description: This covers what we talked about in class.
Uploaded: 10/17/2018
1 Pages 22 Views 17 Unlocks
  • Better Grades Guarantee
  • 24/7 Homework help
  • Notes, Study Guides, Flashcards + More!
Join StudySoup for FREE
Get Full Access to UVU - Class Notes - Week 8
Join with Email
Already have an account? Login here
×
Log in to StudySoup
Get Full Access to UVU - Class Notes - Week 8

Forgot password? Reset password here

Reset your password

I don't want to reset my password

Need help? Contact support

Need an Account? Is not associated with an account
Sign up
We're here to help

Having trouble accessing your account? Let us help you, contact support at +1(510) 944-1054 or support@studysoup.com

Got it, thanks!
Password Reset Request Sent An email has been sent to the email address associated to your account. Follow the link in the email to reset your password. If you're having trouble finding our email please check your spam folder
Got it, thanks!
Already have an Account? Is already in use
Log in
Incorrect Password The password used to log in with this account is incorrect
Try Again

Forgot password? Reset it here